AQUA FOUNDATION FOR WOMEN INC

BY and FOR LGBTQ+ Women.

Miami, FL | www.aquafoundation.org

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GuideStar Charity Check

EIN: 20-0873622

Contributions tax deductible
as of May 2023

IRS BMF 509(a)(2)
as of May 08, 2023

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Charity Check report

Mission

We serve and support the lesbian, bisexual, and transgender community in South Florida through grants, scholarships, and initiatives. We do this through grants, scholarships, mentoring, building alliances and identifying our community needs and, through fostering philanthropy and building community.

Ruling year info

2005

Executive Director

Mateo Ventura Bruer

Main address

1951 Nw 7th Avenue Suite 600

Miami, FL 33136 USA

Show more contact info

EIN

20-0873622

Subject area info

Philanthropy

Community and economic development

Foundations

Population served info

LGBTQ people

Students

NTEE code info

Community Foundations (T31)

Fund Raising and/or Fund Distribution (S12)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Show Forms 990

Communication

Programs and results

What we aim to solve

This profile needs more info.

If it is your nonprofit, add a problem overview.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Scholar/Mentor Program

The scholar/mentor program provides scholarships for LBT individuals and matches them with a mentor who provides support and guidance. The program also develops the individuals leadership skills and builds community.

Population(s) Served

LGBTQ people

Students

Where we work

External reviews

Financials

AQUA FOUNDATION FOR WOMEN INC

Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses: breakdown

SOURCE: IRS Form 990

NET GAIN/LOSS: in

Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2021

SOURCE: IRS Form 990

Average of 8.35 over 10 years

Months of cash in 2021

SOURCE: IRS Form 990

Average of 8.5 over 10 years

Fringe rate in 2021

SOURCE: IRS Form 990

%

Average of 8% over 10 years

Funding sources

Source: IRS Form 990

Assets & liabilities

Source: IRS Form 990

Financial data

Source: IRS Form 990

Digitizing IRS form 990 data

AQUA FOUNDATION FOR WOMEN INC

Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

Fiscal year ending: Download Data

Revenue
Contributions	$59,396
Program Services	$0
Investments	$5,822
Special Events	$87,059
Sales	$0
Other	$0
Total Revenue	$152,277

Expenses
Grants	$68,620
Salaries & Employee Benefits	$40,690
Professional Fees	$7,496
Occupancy	$7,655
Printing, Publications, Postage, etc.	$809
Other Expenses	$10,062
Total Expenses	$135,332
Net Gain/Loss	$16,945

Revenue
Contributions	$41,588
Program Services	$0
Investments	$2,949
Special Events	$124,339
Sales	$0
Other	$0
Total Revenue	$168,876

Expenses
Grants	$53,000
Salaries & Employee Benefits	$57,915
Professional Fees	$5,613
Occupancy	$11,107
Printing, Publications, Postage, etc.	$1,451
Other Expenses	$12,614
Total Expenses	$141,700
Net Gain/Loss	$27,176

Revenue
Contributions	$316,382
Government Grants	$29,275
Program Services	$0
Investments	$559
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$346,216

Expenses
Program Services	$199,011
Administration	$84,196
Fundraising	$155,489
Total Expenses	$438,696
Net Gain/Loss	($92,480)

Functional expenses
Accounting Fees	$5,200
Advertising & Promotion	$31,612
Information Technology Expenses	$720
Insurance Expenses	$3,673
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$590
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$357,276
Government Grants	$25,000
Program Services	$0
Investments	$763
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$383,039

Expenses
Program Services	$139,626
Administration	$69,783
Fundraising	$154,569
Total Expenses	$363,978
Net Gain/Loss	$19,061

Functional expenses
Accounting Fees	$1,200
Advertising & Promotion	$28,537
Information Technology Expenses	$0
Insurance Expenses	$4,298
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$402,642
Government Grants	$0
Program Services	$0
Investments	$378
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$403,020

Expenses
Program Services	$152,464
Administration	$71,140
Fundraising	$172,353
Total Expenses	$395,957
Net Gain/Loss	$7,063

Functional expenses
Accounting Fees	$4,257
Advertising & Promotion	$14,507
Information Technology Expenses	$0
Insurance Expenses	$5,025
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$458,461
Government Grants	$0
Program Services	$0
Investments	$147
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$458,608

Expenses
Program Services	$205,735
Administration	$55,970
Fundraising	$158,676
Total Expenses	$420,381
Net Gain/Loss	$38,227

Functional expenses
Accounting Fees	$3,266
Advertising & Promotion	$18,780
Information Technology Expenses	$0
Insurance Expenses	$3,773
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$367,396
Government Grants	$0
Program Services	$0
Investments	$169
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$367,565

Expenses
Program Services	$188,175
Administration	$88,310
Fundraising	$184,360
Total Expenses	$460,845
Net Gain/Loss	($93,280)

Functional expenses
Accounting Fees	$4,722
Advertising & Promotion	$29,215
Information Technology Expenses	$0
Insurance Expenses	$5,364
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$349,241
Government Grants	$0
Program Services	$0
Investments	$0
Special Events	$0
Sales	$0
Other	$0
Total Revenue	$349,241

Expenses
Program Services	$291,622
Administration	$76,323
Fundraising	$99,062
Total Expenses	$467,007
Net Gain/Loss	($117,766)

Functional expenses
Accounting Fees	$5,245
Advertising & Promotion	$23,292
Information Technology Expenses	$0
Insurance Expenses	$7,116
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$282,941
Government Grants	$0
Program Services	$0
Investments	$2
Special Events	$44,731
Sales	$0
Other	$0
Total Revenue	$327,674

Expenses
Program Services	$130,192
Administration	$41,931
Fundraising	$271,151
Total Expenses	$443,274
Net Gain/Loss	($115,600)

Functional expenses
Accounting Fees	$1,850
Advertising & Promotion	$27,482
Information Technology Expenses	$0
Insurance Expenses	$7,405
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$19,078
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$288,694
Government Grants	$0
Program Services	$0
Investments	$105
Special Events	$36,326
Sales	$0
Other	$0
Total Revenue	$325,125

Expenses
Program Services	$266,282
Administration	$27,177
Fundraising	$27,177
Total Expenses	$320,636
Net Gain/Loss	$4,489

Functional expenses
Accounting Fees	$0
Advertising & Promotion	$17,173
Information Technology Expenses	$0
Insurance Expenses	$2,408
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$10,500
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$221,243
Government Grants	$0
Program Services	$0
Investments	$17
Special Events	$15,520
Sales	$0
Other	$0
Total Revenue	$236,780

Expenses
Program Services	$101,218
Administration	$85,716
Fundraising	$1,500
Total Expenses	$188,434
Net Gain/Loss	$48,346

Functional expenses
Accounting Fees	$2,000
Advertising & Promotion	$420
Information Technology Expenses	$0
Insurance Expenses	$4,250
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$225,513
Government Grants	$30,000
Program Services	$0
Investments	$21
Special Events	$451
Sales	$0
Other	$0
Total Revenue	$255,985

Expenses
Program Services	$114,769
Administration	$46,556
Fundraising	$26,250
Total Expenses	$187,575
Net Gain/Loss	$68,410

Functional expenses
Accounting Fees	$5,500
Advertising & Promotion	$1,795
Information Technology Expenses	$0
Insurance Expenses	$3,824
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$0
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$157,660
Government Grants	$56,302
Program Services	$0
Investments	$6
Special Events	$4,964
Sales	$0
Other	$0
Total Revenue	$218,932

Expenses
Program Services	$69,956
Administration	$87,014
Fundraising	$5
Total Expenses	$156,975
Net Gain/Loss	$61,957

Functional expenses
Accounting Fees	$4,500
Advertising & Promotion	$3,873
Information Technology Expenses	$0
Insurance Expenses	$1,057
Interest Expenses	$0
Investment Management Fees	$0
Legal Fees	$2,231
Pension Plan Contributions	$0
Professional Fundraising Expenses	$0

Revenue
Contributions	$55,622
Program Services	$0
Investments	$3
Special Events	$6,254
Sales	$0
Other	$1,604
Total Revenue	$63,483

Expenses
Grants	$14,824
Salaries & Employee Benefits	$68,426
Professional Fees	$292
Occupancy	$3,869
Printing, Publications, Postage, etc.	$0
Other Expenses	$32,434
Total Expenses	$119,845
Net Gain/Loss	($56,362)

AQUA FOUNDATION FOR WOMEN INC

Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: Download Data

Assets	Jan 01, 2008	Dec 31, 2008	Change
Contributions	$59,396
Cash & Equivalents	$287,536	$306,775	$19,239
Fixed Assets (LBE - Depreciation)	$1,779	$1,363	($416)
Other	$3,100	$0	($3,100)
Total Assets	$292,415	$308,138	$15,723

Liabilities	Jan 01, 2008	Dec 31, 2008	Change
Total Liabilities	$4,077	$2,855	($1,222)

Fund balance	Jan 01, 2008	Dec 31, 2008	Change
Net Assets	$288,338	$305,283	$16,945

Assets	Jan 01, 2009	Dec 31, 2009	Change
Contributions	$41,588
Cash & Equivalents	$306,775	$333,865	$27,090
Fixed Assets (LBE - Depreciation)	$1,363	$947	($416)
Other	$0	$1,829	$1,829
Total Assets	$308,138	$336,641	$28,503

Liabilities	Jan 01, 2009	Dec 31, 2009	Change
Total Liabilities	$2,855	$4,182	$1,327

Fund balance	Jan 01, 2009	Dec 31, 2009	Change
Net Assets	$305,283	$332,459	$27,176

Assets	Jan 01, 2010	Dec 31, 2010	Change
Contributions	$316,382
Cash & Equivalents	$333,865	$243,976	($89,889)
Accounts Receivable	$1,829	$800	($1,029)
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$947	$531	($416)
Other	$0	$0	$0
Total Assets	$336,641	$245,307	($91,334)

Liabilities	Jan 01, 2010	Dec 31, 2010	Change
Accounts Payable	$4,182	$5,328	$1,146
Grants Payable	$0	$0	$0
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$4,182	$5,328	$1,146

Fund balance	Jan 01, 2010	Dec 31, 2010	Change
Temporarily Restricted Net Assets	$0	$0	$0
Permanently Restricted Net Assets	$0	$0	$0
Total Restricted Net Assets	$0	$0	$0
Unrestricted Net Assets	$332,459	$239,979	($92,480)
Net Assets	$332,459	$239,979	($92,480)

Assets	Jan 01, 2011	Dec 31, 2011	Change
Contributions	$357,276
Cash & Equivalents	$243,976	$271,280	$27,304
Accounts Receivable	$800	$800	$0
Pledges & Grants Receivable	$0	$0	$0
Receivable, Other	$0	$0	$0
Inventories for Sale or Use	$0	$0	$0
Investment, Securities	$0	$0	$0
Investment, Other	$0	$0	$0
Fixed Assets (LBE - Depreciation)	$531	$176	($355)
Other	$0	$0	$0
Total Assets	$245,307	$272,256	$26,949

Liabilities	Jan 01, 2011	Dec 31, 2011	Change
Accounts Payable	$5,328	($1,784)	($7,112)
Grants Payable	$0	$15,000	$15,000
Deferred Revenue	$0	$0	$0
Loans and Notes	$0	$0	$0
Tax-Exempt Bond Liabilities	$0	$0	$0
Other	$0	$0	$0
Total Liabilities	$5,328	$13,216	$7,888

AQUA FOUNDATION FOR WOMEN INC

Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990

This snapshot of AQUA FOUNDATION FOR WOMEN INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Fiscal year: Jan 01 - Dec 31 View full report Download data

Business model indicators

Profitability	2016	2017	2018	2019	2020
Unrestricted surplus (deficit) before depreciation	-$88,485	-$10,421	$54,359	$68,410	$61,957
As % of expenses	-20.0%	-3.3%	28.8%	36.5%	39.5%
Unrestricted surplus (deficit) after depreciation	-$88,485	-$10,421	$54,359	$68,410	$61,957
As % of expenses	-20.0%	-3.3%	28.8%	36.5%	39.5%

Revenue composition
Total revenue (unrestricted & restricted)	$327,674	$325,125	$236,780	$255,985	$218,932
Total revenue, % change over prior year	-6.2%	-0.8%	-27.2%	8.1%	-14.5%
Program services revenue	0.0%	0.0%	0.0%	0.0%	0.0%
Membership dues	12.0%	8.7%	9.8%	0.0%	0.0%
Investment income	0.0%	0.0%	0.0%	0.0%	0.0%
Government grants	0.0%	0.0%	0.0%	11.7%	25.7%
All other grants and contributions	88.0%	91.3%	90.2%	88.3%	74.3%
Other revenue	0.0%	0.0%	0.0%	0.0%	0.0%

Expense composition
Total expenses before depreciation	$443,274	$320,636	$188,434	$187,575	$156,975
Total expenses, % change over prior year	-5.1%	-27.7%	-41.2%	-0.5%	-16.3%
Personnel	30.9%	29.3%	30.8%	40.0%	41.6%
Professional fees	16.3%	17.4%	6.4%	6.8%	6.1%
Occupancy	6.3%	5.2%	2.3%	2.1%	2.4%
Interest	0.0%	0.0%	0.0%	0.0%	0.0%
Pass-through	15.2%	13.2%	52.0%	32.4%	37.7%
All other expenses	31.3%	35.0%	8.5%	18.6%	12.3%

Full cost components (estimated)	2016	2017	2018	2019	2020
Total expenses (after depreciation)	$443,274	$320,636	$188,434	$187,575	$156,975
One month of savings	$36,940	$26,720	$15,703	$15,631	$13,081
Debt principal payment	$0	$0	$0	$0	$0
Fixed asset additions	$0	$0	$0	$0	$0
Total full costs (estimated)	$480,214	$347,356	$204,137	$203,206	$170,056

Capital structure indicators

Liquidity	2016	2017	2018	2019	2020
Months of cash	1.9	3.4	10.1	12.1	26.3
Months of cash and investments	1.9	3.4	10.1	12.1	26.3
Months of estimated liquid unrestricted net assets	1.9	2.3	7.4	11.8	18.8

Balance sheet composition	2016	2017	2018	2019	2020
Cash	$70,751	$89,906	$157,841	$188,582	$343,944
Investments	$0	$0	$0	$0	$0
Receivables	$0	$0	$0	$0	$0
Gross land, buildings, equipment (LBE)	$2,224	$2,224	$2,224	$0	$0
Accumulated depreciation (as a % of LBE)	100.0%	100.0%	100.0%	0.0%	0.0%
Liabilities (as a % of assets)	0.0%	32.0%	26.8%	2.5%	29.2%
Unrestricted net assets	$71,551	$61,130	$115,489	$183,899	$245,856
Temporarily restricted net assets	$0	$0	$0	N/A	N/A
Permanently restricted net assets	$0	$0	$0	N/A	N/A
Total restricted net assets	$0	$0	$0	$0	$0
Total net assets	$71,551	$61,130	$115,489	$183,899	$245,856

Key data checks

Key data checks	2016	2017	2018	2019	2020
Material data errors	No	No	No	No	No

Operations

The people, governance practices, and partners that make the organization tick.

Documents

Letter of Determination is not available for this organization

Form 1023/1024 is not available for this organization

Executive Director

Mateo Ventura Bruer

LinkedIn profile

Number of employees

Source: IRS Form 990

AQUA FOUNDATION FOR WOMEN INC

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation

Other

Show data for fiscal year

Compensation data

Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

AQUA FOUNDATION FOR WOMEN INC

Board of directors
as of 04/26/2023

SOURCE: Self-reported by organization

Board of directors data

Download the most recent year of board of directors data for this organization

Board chair

Nicole Waters

Merceds Benz of Coral Gables

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? No
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? No
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? No
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? No
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 4/26/2023

Candid has made improvements to the race and ethnicity options.

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity

Hispanic/Latino/Latina/Latinx

Gender identity

Non-binary, Transgender

Sexual orientation

Gay, lesbian, bisexual, or other sexual orientations in the LGBTQIA+ community

Disability status

Person with a disability

Race & ethnicity

Gender identity

Sexual orientation

Disability

No data

AQUA FOUNDATION FOR WOMEN INC

BY and FOR LGBTQ+ Women.

Mission

Is this your nonprofit?

Programs and results

What we aim to solve

This profile needs more info.

Our programs

Scholar/Mentor Program

Where we work

Financials

Revenue vs. expenses: breakdown

Liquidity in 2021 info

Months of cash in 2021 info

Fringe rate in 2021 info

%

Funding sources info

Assets & liabilities info

Financial data

Digitizing IRS form 990 data

AQUA FOUNDATION FOR WOMEN INC

AQUA FOUNDATION FOR WOMEN INC

AQUA FOUNDATION FOR WOMEN INC

Business model indicators

Capital structure indicators

Key data checks

Operations

Documents

Executive Director

Mateo Ventura Bruer

Number of employees

AQUA FOUNDATION FOR WOMEN INC

Compensation data

AQUA FOUNDATION FOR WOMEN INC

Board of directors data

Nicole Waters

Board leadership practices

Board orientation and education

CEO oversight

Ethics and transparency

Board composition

Board performance

Organizational demographics

Leadership

Race & ethnicity

Gender identity

Sexual orientation

Disability

Liquidity in 2021

Months of cash in 2021

Fringe rate in 2021

Funding sources

Assets & liabilities